Banner Corp. (NASDAQ:BANR) VP Keith A. Western sold 8,000 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $51.94, for a total value of $415,520.00. Following the sale, the vice president now owns 26,757 shares in the company, valued at $1,389,758.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Banner Corp. (NASDAQ:BANR) opened at 52.02 on Tuesday. The firm’s 50-day moving average price is $46.45 and its 200 day moving average price is $43.90. The stock has a market capitalization of $1.74 billion, a P/E ratio of 25.61 and a beta of 1.23. Banner Corp. has a 12-month low of $35.39 and a 12-month high of $53.14.

Banner Corp. (NASDAQ:BANR) last issued its earnings results on Wednesday, October 26th. The financial services provider reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Banner Corp. had a return on equity of 6.78% and a net margin of 14.75%. Analysts predict that Banner Corp. will post $2.80 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Banner Corp. (NASDAQ:BANR)

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. purchased a new position in shares of Banner Corp. during the second quarter worth approximately $3,594,000. Rothschild Asset Management Inc. increased its position in shares of Banner Corp. by 3.7% in the second quarter. Rothschild Asset Management Inc. now owns 176,641 shares of the financial services provider’s stock worth $7,514,000 after buying an additional 6,377 shares during the period. Mutual of America Capital Management LLC increased its position in shares of Banner Corp. by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 121,697 shares of the financial services provider’s stock worth $5,177,000 after buying an additional 3,209 shares during the period. Context BH Capital Management LP increased its position in shares of Banner Corp. by 144.2% in the second quarter. Context BH Capital Management LP now owns 61,894 shares of the financial services provider’s stock worth $2,633,000 after buying an additional 36,548 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Banner Corp. by 41.7% in the second quarter. California State Teachers Retirement System now owns 62,969 shares of the financial services provider’s stock worth $2,679,000 after buying an additional 18,546 shares during the period. Hedge funds and other institutional investors own 80.13% of the company’s stock.

Several equities research analysts recently commented on BANR shares. Zacks Investment Research upgraded Banner Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 15th. DA Davidson reiterated a “buy” rating and set a $52.00 target price on shares of Banner Corp. in a report on Tuesday, August 23rd. FBR & Co raised their target price on Banner Corp. from $45.00 to $46.00 and gave the company a “mkt perform” rating in a report on Tuesday, October 11th. Finally, FIG Partners downgraded Banner Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Banner Corp. currently has a consensus rating of “Hold” and an average price target of $49.00.

Banner Corp. Company Profile

Banner Corporation is a bank holding company. The Company is engaged in the business of planning, directing and coordinating the business activities of its subsidiaries, Banner Bank and Islanders Bank. Banner Bank is a regional bank that offers a range of commercial banking services and financial products to individuals, businesses and public sector entities in its market areas.

5 Day Chart for NASDAQ:BANR

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